Marginal Revolution: Invisible hand podcasts

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Invisible hand podcasts

Here is the link, I am told that many of these podcasts concern business and economics books. I am excited by podcasts, but only in the abstract. I can read faster than you can, but I cannot listen any faster; the rest is comparative advantage. If you know of other good economics-related podcasts, please tell us in the comments. Here is a list of Slate-recommended (non-economics) podcasts. Here are recommendations from Michael at www.2blowhards.com; these include the excellent Radio Economics. Interviews with Krugman and Sachs are new on that site.

Posted by Tyler Cowen on January 14, 2006 at 07:41 AM in Web/Tech | Permalink

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Comments

I was into podcasts for a while. Maybe until I caught up on the best conference-captures. Anyway, what I'd do is download them to my mp3 player, and go for a walk in the park. I had a most excellent morning sitting on a bluff, staring at the Pacific Ocean, and listening to some smart guy (I forget who) lecturing staffers at the Library of Congress on tagging and the long tail. A big site, with a lot of varied content, is www.itconversations.com

Clay Christensen has racked up one of their "most popular" shows. Maybe because his economics are of special geek interest ;-)

Posted by: odograph at Jan 14, 2006 9:48:22 AM

'but I cannot listen any faster'

But you can - get a tempo controller for your favourite MP3 player, and speed up whatever you're listening to. I find 120% of normal speed saves me time. As a bonus, some music is improved by speeding it up.

-MikeG

Posted by: Mike Gevaert at Jan 14, 2006 10:01:14 AM

I podcast on political topics, with an occasional economic angle, usually related to the the anti-WalMart anti-economists.

I include excerpts of C-SPAN or other sources so listeners can hear the subject's voice.

The benefit of podcast listening is the ability to hear it while you are away from your computer. Load up your MP3 player and go for a walk in the woods. Your eyes, your wrists, and your heart will thank you.

Posted by: Charlie Quidnunc at Jan 14, 2006 10:02:16 AM

Reading is certainly better than podcasting on dimensions such as search and retrieval time. Where they excel is at squeezing more information-absorption out of your brain (now THAT’S a mixed metaphor!) after you think you’ve done all the reading you can stand for a day.

“I can read faster than you can, but I cannot listen any faster …”

I’ve wondered this before. Tyler, do you in fact read really really really fast, or do you just spend all day doing it?

Posted by: Jeff Brown at Jan 15, 2006 5:19:39 AM

I agree with Tyler, and I hate it when websites like cnn.com that put content in video or audio form without a text alternative.

But podcasts are justified by my 30 minute daily drive to work. I live in Atlanta, and I have not mastered the art of reading and driving at the same time. Or the art of feeling that NPR covers the stories that I would most want to hear. I tried satellite radio news, but it was mostly an exercise in realizing that the TV morning shows spent like 80% of their airtime on not-very-witty banter.

Posted by: DK at Jan 15, 2006 8:15:28 AM

So.... how fast do you read? Your statement essentially indicates you read faster than anyone reading this blog.

Posted by: aani at Jan 15, 2006 9:50:09 AM

If I commuted, I might be interested in podcasts, but as a phenomenon, I hope they go disappear. It's not just that I can read faster, but that I can easily skip the dull parts when reading. But the worst thing about podcasts as replacements for text is that they are opaque to search engines -- they're unindexable with current technology (and that is not likely to change soon). And if they become indexable by software engines, then they'll also become auto-transcribable, and then I won't mind podcasts because I'll be able to read (or scan) the transcript. Until then, death to podcasts!

Posted by: Slocum at Jan 15, 2006 11:29:11 AM

To me it's a question of reading mode rather than how fast. On-line I go fast, but often get distracted and follow links or launch searches. On the other hand, a printed work (or a podcast) presents itself in a linear form. The choices are to keep going, or to pause and consider.

To listen, and consider, while walking (as some of us do), is very different from sitting and searching ... in more ways than simply "speed."

Posted by: odograph at Jan 15, 2006 1:24:38 PM

BTW, as an old computer guy I can mention that usability testing (users as lab rats) shows a great difference between percieved speed and actual speed in computer interaction. This is a big area, but to name one effect, when we interact with our keyboard and mouse we perceive less time passing than when we must simply wait.

Posted by: odograph at Jan 15, 2006 1:27:00 PM

If you're seeing podcasts as any sort of replacement for reading, of course you think they're a bad idea and doomed to failure. However, they're not filling in for books. In most cases where people are adopting them and putting them into their routine, they are going into slots where people used to listen to the radio or to music, not where they sit with a book.

Slocum, while you may not commute, I assure you that you are in an exceptional minority. If at all points during your day when you want to think about economics, you are able to, without consequence, grab a book and read, then ecnomics podcasts aren't aimed at you. This is similar to how the entire scrapbooking industry doesn't just go away because I don't have any desire to cut up and decorate my photos in overly decorated coffee table books. That's because I'm not who that hobby is aimed at.

Most podcasts are listened to while the listener's eyes or hands are busy doing something else: driving, exercising, mowing the lawn, shoveling snow, working on a computer at mundane tasks, etc. Heck, I listen to them on a shower radio while getting ready in the morning. I'm pretty sure most econ texts aren't up to the task of giving me 30 minutes of content every morning while letting me shower, shave, etc. And, I'm pretty sure my face appreciates my not staring at a book while I hold a razor blade near my jugular.

Until I can safely operate a vehicle, chop down the weeds in my yard or clean my aquarium with a book in my hand and still pay attention to the real task, I'll stick to the podcasts instead of books during those times and read when it's appropriate and for more dense texts.

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